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Dawson Geophysical Enters Asset Purchase Agreement With Wilks Brothers, LLC & Breckenridge Geophysical, LLC

Author: Benzinga Newsdesk | March 24, 2023 07:02am

The Company purchased substantially all of the Breckenridge assets related to seismic data acquisition services other than its multi-client data library. Total consideration for the transaction is 7,000,000 shares of Dawson common stock. 1,188,235 shares were issued at the time of closing, and the remaining 5,811,765 shares are in the form of a convertible note, which will only convert following shareholder approval at a meeting Dawson plans to convene as soon as practicable.

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